The NHL trade deadline is at 3 p.m. on Wednesday, and Sporting News has you covered. At our live blog, we'll have rumors, announcements, quick analysis and links to other relevant stuff. National writer Jesse Spector (@jessespector) and senior editor Sean Gentille (@seangentille) will be on Twitter all day, as well.

Another thing to keep in mind: We're having a post-deadline Google Hangout where we'll answer all your questions about how things shook out. Tweet your questions to Jesse or Sean with the hashtag #snnhlplus.

2:35: The Philadelphia Flyers are six points out of a playoff spot, so a late run is not out of the question, but with the odds stacked against them, a quiet deadline seemed to be the right tack to take.

Paul Holmgren did make a deal on Wednesday, but still remained quiet. The Flyers picked up Steve Mason from the Columbus Blue Jackets for SOMETHING.

Mason, the Calder Trophy winner in 2009, is 3-6-1 with a 2.95 goals against average and .899 save percentage this season. That is a massive upgrade over the combination of Brian Boucher (0-2-0, 2.50, .891) and Michael Leighton (0-1-0, 5.08, .808) backing up Ilya Bryzgalov this season. Because of the horrendous quality of their backup goaltending, Ilya Bryzgalov has had to appear in 33 of the Flyers’ 35 games, and his performance has eroded over the course of the season.

Mason is a restricted free agent after this season, as is Sergei Bobrovsky, who was traded from the Flyers to Columbus this season and has emerged as an outside contender for the Vezina Trophy.

— Spector

2:22: Goalie Ben Bishop joins the Tampa Bay Lightning, who needed a goalie, but it cost them Cory Conacher. Gentille has more.

12:45 p.m.: Hey, an actual trade. Scott Hannan returns to the San Jose Sharks, where he started his career. The defenseman has played 29 games for the Nashville Predators this season, with one assist, while averaging 19:30 a game.

That's not dissimilar to Douglas Murray, who had no goals and three assists in 29 games before the Sharks traded him to the Penguins for a pair of second-round draft picks.

The deal, according to multiple reports, is a conditional sixth- or seventh-round pick. So, likely a net gain for San Jose in terms of stay-at-home defenseman trades. The question now is whether Nashville has decided to become a seller, or if it's just reshuffling, like San Jose did. The Predators are tied with the Blues for eighth place in the West, with 38 points, but have played three more games than St. Louis. According to sportsclubstats.com, Nashville's chances of making the playoffs are only 16.9 percent.

— Spector

12:30 p.m.: FOLLOW-UP: Turkey, salami, mortadella, sweet Munchee cheese, mayo and mustard on potato bread. The sandwich has been made before any trades.

The former All-Star goalie plans to stick with the Calgary Flames and retire at the end of the season, according to TSN.ca's Darren Dreger. He'd discussed accepting a deal to the Leafs, who were inexplicably attempting to add him (and his league-worst save percentage) despite the emergence of James Reimer.

At SN partner Flames Nation, Kent Wilson sees it a little differently—it's the ultimate failure of Calgary's management, because they held on to Kiprusoff long enough to see his value drain completely. Read it.

— Gentille

11:30 p.m.: Arthur Staple of Newsday, as plugged-in a reporter as there is on the Islanders, reported on Twitter that New York is "trying to land (Blackhawks) rookie Brandon Saad. Cost is high, clearly, but (GM Garth) Snow is interested."

Saad has seven goals and 13 assists for the Western Conference leaders, and has seen top-line time. On Tuesday, Chicago general manager Stan Bowman told reporters, "I think our focus is to keep this group together and try to add to it." Considering how important Saad has been to the Blackhawks already, and what he means to their future, it is not particularly easy to see a fit.

The situation for the Islanders is a particularly interesting wrinkle. While New York is still building for the future, and pointing toward a move to Brooklyn in 2015, this year's team has been surprisingly strong, currently sitting eighth in the Eastern Conference. That has put talk of sell-off trades on the back burner, but acquiring Saad would be a mix of building for the future and chasing glory in the present — depending on what the price is.

The point is moot if the Blackhawks don't want to trade Saad—and according to ESPN's Craig Custance "wouldn't even consider" it.

— Spector

11:00 a.m.: With no trades so far on deadline day, buzz is picking up around Coyotes defenseman Keith Yandle, which makes sense because Phoenix is 12th in the Western Conference and still has no owner, while Yandle is the second-highest salary on their cap ledger, behind Shane Doan. It’s easy pickins for a pundit with nothing to say, which is not to say that the Coyotes aren’t talking to teams about the All-Star blueliner, but it does not make as much sense as meets the eye.

Yandle has three more years on his contract, at a manageable $5.25 million annually. He is 26 years old, and his eight goals this season are the most among Western Conference defensemen, second in the league to PK Subban of the Montreal Canadiens. And though they're in 12th place, the Coyotes are only two points out of eighth, with a remaining schedule that includes two home games against the last-place Colorado Avalanche. Stripping down payroll is nothing new for a team looking to get sold, but if Yandle gets traded, any new owner would immediately have to say “what the hell were you doing trading Keith Yandle?” Defensemen who are that good at contributing offensively do not come along often, and the Coyotes know it; they're asking for "two impact forwards," including a potential No. 1 center, according to Elliotte Friedman.

Among the teams said to be interested, naturally, are the Philadelphia Flyers, who already have five defensemen under contract for $3.5 million or more next season — not including Chris Pronger. Adding Yandle to the ledger would only make Philadelphia's struggle to get under the $64.3 million cap more difficult.